Amendment status not verified — confirm the current text below against the official source.
On the vesting of the properties of the Murshidabad Estate in the Trustee under section 3,— (1) the Trustee shall, subject to the provisions of this Act and the rules made thereunder, manage and administer the trust properties and all income therefrom and may, for the purpose of so managing and administering such properties and income, take such measures as he considers necessary or expedient and do all acts and incur all expenditure necessary or incidental thereto; any payment made to the Trustee in the discharge of any obligation in relation to any of the trust properties shall be a full and valid discharge to the person making the payment from ali liabilities in respect thereof ; any payment made otherwise than in accordance with clause (2) shall not be deemed to discharge the person paying it from his obligation to make the payment and shall not affect the right of the Trustee to enforce such obligation against that person; (4) any suit or proceeding pending before the appointed day in relation to any of the trust properties may be continued by or against the Trustee, as the case may be, and not otherwise; (5) all valid contracts subsisting immediately before the appointed day and affecting the trust properties shall be of as full force and effect against or in favour of the Trustee and shall be enforceable as fully and effectively against or by the Trustee as if the Trustee had always been named therein and had been a party thereto; (6) any suit or other legal proceeding for the enforce- ment of any right or remedy in respect of any of the trust properties may be instituted in any court by or against the Trustee, as the case may be, and not otherwise ; (7) save as otherwise expressly provided in this Act, the Trustee shall be entitled to dispose of, with the previous approval of the State Govern- ment, any trust properties, movable or immovable, and to invest the proceeds thereof in such manner as the State Government may direct ; (2) (3) Manage. ment of the trust properties. 4 The :II urshidabad Estate (Trust). Act, .1963. [West Ben. Act (Section 5.) (8) with effect from such date as the State Government may specify in this behalf, the services of all persons employed in connection with the manage- ment of the Murshidabad Estate under the Murshidabad Estate Administration Act, 1933, 23 of 1933. shall stand determined: Provided that the Trustee may re-employ any such person in connection with the-management of the trust properties on such terms as he may determine. Applica- tion of the income from the trust pro- perties.